How to Eliminate the Unevenness in Human Capital Distribution between Countries?
Accroding to the author (Ekaterina Arapova), there is a trend towards gradual reduction in the global imbalance of human development due to a steady upward trend in developing and transition economies.
The group of developed countries demonstrates a gradually narrowing gap in terms of the effectiveness of budget policy: the states of “old” Europe, maintaining leading indicators of the human potential performance index, show its steady downward trend over a thirty-year period, while most Eastern European countries have been demonstrating a confident upward trend.
Also, there is a gradual reduction of disproportions within the group of developing countries; the South Asian and African states are moving most dynamically towards increasing the efficiency of public spending.
The two regions of the developing world - the Middle East and Africa – have demonstrated relatively higher resilience in human development during the Covid 19 pandemic;
The Eastern Europe – South-East Asia axis will form the center of intensive growth of human potential up to 2030; Middle East and North Africa, as well as Central and South America will drive human potential growth in 2030-2040, and most of the countries of the Global South will become the main driver of global human development the coming 30-40 years.
Human Capital Multidisciplinary Research Center Digest Project is managed by Olga Voron.